NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Monday:

Cramer said Hess (HES) remains his favorite breakup story and he thinks shares are worth at least $65. He remains bullish on PVH (PVH) after that company's acquisition of Calvin Klein last year. HES ended Monday up 1.5% while PVH rose 1.2%.

But Cramer was skeptical about Archer Daniels Midland (ADM) , saying ethanol subsidies need to go away eventually. He was also bearish on Micron Technology (MU) because every year the stock gets upgraded, which is always a great time to sell. ADM fell 4.1% while MU was up 3.2%.

Shares of Ingersoll-Rand (IR) are worth a lot more than the markets value them, he said. He was also upbeat on Walgreen (WAG) ahead of that company's coming analyst day. IR ended the day down 1.6% while WAG was up 2.3%.

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